The truth is, by making use of a minimal 30 per cent tax price to belief distributions to mature-aged beneficiaries, we’re merely constructing on John Howard’s adjustments in 1980, when he raised the tax price on belief distributions to youngsters.
If we do not shut tax loopholes, Australia will not have the ability to put money into higher roads and rail networks. We can’t have the ability to increase literacy and numeracy requirements in colleges. We can’t have the ability to scale back elective and emergency surgical procedure ready lists. Do we wish Australia to have the most important tax loopholes on the earth, or the very best public providers? I do know which I might desire.
Andrew Leigh, shadow assistant treasurer, Canberra
Brad Hinton’s letter “Earnings inconsistencies” (Letters, February 11) accommodates some fascinating ideas however his remaining concept – abolishing earnings tax deductions – wants rethinking.
The Australian earnings tax isn’t a tax on earnings in any respect however a tax on revenue.
The revenue is labored out by deducting from the earnings the prices incurred in incomes it. If we abolished deductions, earnings tax would grow to be significantly unfair. Staff could be largely unaffected (as a result of most of them have few deductions) however companies could be crushed.
Think about the impact on a store proprietor who was taxed on the $100 earned for promoting a widget with out receiving deductions for the $50 spent to purchase it or for the $20 paid to an worker to promote it.
Greg Pinder, Charnwood
Why coverage is unfair
It’s disappointing that letters are nonetheless coming by means of with misgivings about my article “Labor is exploiting misunderstandings about franking credit” (canberratimes.com.au, February 7).
Doubts embody “the article is flawed as a result of people and corporations are totally different entities” and “how can somebody who doesn’t pay tax obtain a refund?”.
If I may simply dispel these doubts.
An organization pays 30 per cent tax on all income, whether or not distributed as dividends or retained. When an organization pays dividends to shareholders it turns into particular person earnings for tax functions.
That’s, the corporate tax is imputed to the shareholders, the imputation successfully rendering the corporate tax as an investor withholding tax.
That allows the grossed up dividends to then be taxed on the investor’s marginal tax price. The franking credit score (or firm tax paid and withheld), is then partially returned to the shareholder, relying to what extent their marginal tax price is lower than the corporate tax price.
If the marginal tax price is zero, the franking credit score is returned in full. The precept of the imputation system being, due to this fact, that buyers are taxed on firm earnings at their marginal tax price. And clearly, tax has been withheld in respect of a shareholder’s dividend, impartial of the shareholder’s marginal tax price. They’ve paid tax.
A taxation system that permits excessive taxable earnings buyers to utilise extra franking credit whereas low taxable earnings buyers are unable to totally utilise theirs, is a regressive tax system.
The place is the sense in a system that permits franking credit to cut back the tax payable by some buyers, however doesn’t refund these buyers who’ve paid extra tax?
You may’t selectively enable some buyers to make use of franking credit and others not. It’s unfair and discriminatory.
That is an ill-conceived, inequitable coverage proposal by the Labor Social gathering.
Tony Dillon, retired actuary, Melbourne
Defend the aged
A few years in the past we recognised that our kids have been weak and took steps to guard them. It turned necessary for these concerned with them to report any abuse, or suspected abuse.
We are actually taking steps to guard these on the different finish of the vulnerability scale, our older folks.
As we grow to be extra co-ordinated in states and territories in defining abuse, is not it time we took an identical path with older folks, making it necessary for these concerned with them to have the identical reporting necessities?
This is able to put the onus on these concerned with this group to take motion, each in nursing properties and in the neighborhood, thus giving older folks a stage of safety not presently obtainable.
We’d then be much less more likely to see a repetition of the occasions seen on the 4 Corners program final yr.
Only a reminder that older folks type an rising a part of society, and voters.
Audrey Man, Ngunnawal
Scarcity of care locations
Residential aged care [in the ACT and elsewhere] is a Commonwealth authorities duty, until the ACT authorities decides to grow to be an aged care supplier.
Aged care suppliers, each not for revenue and for revenue, apply to the Commonwealth authorities for approval to offer aged care and for funding.
As soon as that’s accredited the supplier seeks land from the ACT authorities. The land is offered as a final step within the approval course of.
The present lack of aged care locations is brought on by both a scarcity of willingness of suppliers to take up offering new locations, lack of employees to take action as a result of low wages or inadequate funding offered by the federal government to allow new locations to be offered.
It could be good to know which. Both means, we have to ask all candidates standing within the ACT for the federal election what’s their plan, if elected, to deal with this scarcity of care locations.
I have never heard of any insurance policies that might cease this scarcity of locations from any of the key events or different candidates.
Gina Pinkas, Aranda
Peek into basin plans
I waited 18 months for a response to a Freedom of Data request relating to the planning for flats in West Basin, solely to obtain greater than 100 pages of largely redacted and largely meaningless correspondence from the Metropolis Renewal Authority.
However some mild cracks did seem. For instance, the calculation that the ACT authorities can acquire 232,000 sq. metres of saleable industrial and residential floorspace from West Basin in the event that they fill in a part of Lake Burley Griffin to create six metropolis blocks of improvement websites.
The calculations, which have been buried deep within the ACT response to the FOI, have been for nearly 2000 flats in three- and seven-storey buildings.
About 20 per cent of the gross ground space additionally could be industrial.
Primarily based on present gross sales in upscale developments in Canberra this could possibly be value $2.5 billion in gross sales, plus charges and land taxes after all.
However to attain this, 2.8hectares of Lake Burley Griffin needs to be stuffed in, and 6000 sq. metres may have flats constructed on high of the prevailing lake mattress.
What the paperwork reveal is that the West Basin improvement actually is in regards to the cash that may be comprised of house gross sales. A serious aspect good thing about constructing a public promenade over the prevailing lakebed is that it does, after all, make extra room for the house property behind.
As a frequent person of this a part of West Basin, which is on my doorstep, I might like to see some sympathetic improvement which offers a considerable public profit befitting the nationwide prominence of this website, whereas retaining the panorama values inherent in Menzies’ lake, however not on the expense of making a brand new city warmth sink over six metropolis blocks.
Mike Lawson, New Acton
All hail hospital employees
My spouse and I assist the views expressed by H. R and J.Zimmermann (Letters, February 9) in relation to the excessive customary of care and remedy obtained at Canberra Hospital.
I owe my life to the ability of the surgical workforce and the comply with up remedy I obtained throughout a keep of just about two weeks.
On New 12 months’s Eve, I required ambulance transport to Canberra Hospital after struggling extreme belly pains and cramps. I used to be instantly admitted to the Emergency Unit the place I used to be given ache aid treatment.
A sequence of exams established that I had suffered a bowel blockage.
I subsequently underwent main surgical procedure after which I used to be transferred to Ward 10A.
I used to be most impressed with the professionalism of the docs, nurses and ancillary employees throughout a recuperation which was at instances disturbing however was eased significantly by their compassion and cheerful angle regardless of the lengthy hours they have been required to work and, as I perceive, the decreased staffing through the vacation interval.
I discover it moderately unhappy that many of the current publicity which Canberra Hospital has obtained has been on the failings of administration with respect to bullying and different issues which, whereas extraordinarily critical, don’t recognise the dedication and professionalism of the scientific employees.
In 2014 my spouse was recognized with ovarian most cancers requiring chemotherapy as an outpatient within the oncology unit.
At the moment we additionally have been impressed with the professionalism of the scientific employees and may report that subsequent common exams haven’t proven recurrence of any most cancers.
We think about ourselves very lucky to stay in Canberra with entry to what we’d rank as world-class well being providers.
Alan Burdon, Mawson
Governments are elected to develop and prosecute insurance policies which advance the pursuits of Australia. This implies specializing in nationwide points like local weather change, migration, vitality provision and pricing, establishing a good and environment friendly taxation system, resolving water utilization within the main river techniques and so forth.
What has the Morrison authorities truly performed? Definitely no progress has been made on any of those nationwide points.
The truth is they closed parliament early on two events to really stop discussions about a number of.
As a substitute, we now see Morrison funding a second bus tour round marginal electorates, promising tax cuts. These are in actuality voter bribes moderately than a critical examination of the tax system. We additionally see a gentle lack of senior ministers who maintain on to their portfolios, and to their ministerial privileges, although they’re to retire on the subsequent election. No additional motion on the nationwide points can now be anticipated from them.
Now we have a authorities which is spending its time and vitality on electioneering moderately than truly governing.
The trustworthy strategy could be to acknowledge that they’re unable to additional their coverage agenda and name an election to allow voters to forged their judgment on what has actually been achieved below Abbott, Turnbull and Morrison.
Chris Aulich, Giralang
Keep public profit
Giant areas of public land in Griffith, Lyons and Narrabundah are about to be offered to builders for high-density residential housing (“ACT authorities to public sale former public housing blocks”, canberratimes.com.au February6 ).
No point out is manufactured from any components of those blocks being given over to modern social and inexpensive housing initiatives, regardless of the ACT authorities’s comparatively new Housing Technique together with a brand new goal of setting apart 15 per cent of all authorities land releases for public, neighborhood and inexpensive housing, together with infill improvement in city areas.
Neither is there any point out of an anticipated inclusion of accessible inexperienced areas or neighborhood services. But the inhabitants is rising round these areas.
Certainly it’s time any everlasting handover of public land additionally contains retention of a sizeable part as an simply accessible land financial institution for public use and profit.
Group, cultural and leisure areas and services can’t be left as much as probability.
Sue Dyer, Downer
TO THE POINT
NOTHING TO FEAR
One of many nice mysteries in life is how the conservative aspect of politics is ready to use unsubstantiated worry to frighten their flock when an election is imminent. With the subsequent election simply across the nook the worry marketing campaign is being unleashed on their died within the wool followers regardless of how fanciful their claims are.
D. J. Fraser, Currumbin, Qld
Morrison’s working so many scare campaigns that he might begin showing at marketing campaign occasions wearing a ghost costume.
T. Puckett, Ashgrove, Qld
LIFE IN THE COUNTRY
We are able to assume, from Smoky Dawson’s Breaking in Brumbies, that breaking in wild brumbies is a core cultural exercise for nation folks. Clearly this important thread within the wealthy tapestry of nation life – with related materials tradition similar to fixing outdated saddles and ropes – should not be misplaced and due to this fact there should be some wild brumbies.
S. Davey, Torrens
DO YOUR JOBS
This is a solution to save thousands and thousands of on royal commissions. Get the related authorities ministers to do the bloody jobs they’re paid for.
Tom Lindsay, Monash
PM’S SHALLOW BOASTS
Scott Morrison clearly helps mortgage brokers regardless of their rubbishing by the banking royal fee. Matches together with his current shallow speech on the Press Membership, through which he boasted of his spending on flood aid, for heaven’s sake; and placing “the federal government” earlier than docs on the well being of off-shore detainees. A whole lot of the time Invoice Shorten is not any higher.
Jack Kershaw, Kambah
HEY BIG SPENDER
Nice handle by our huge spending prime minister to the Nationwide Press Membership. It had all of the substances. Pity in regards to the lacking nice wall.
John Rodriguez, Florey
COMMONSENSE A WINNER
The discharge of Hakeem al-Araibi from a Thai jail is welcome information. It’s a victory of neighborhood strain and if I could add, commonsense. The request of extradition by the Bahrain authorities ought to have been rejected by Thailand out of hand within the first place.
Sankar Kumar Chatterjee, Evatt
No matter occurs in Parliament, Prime Minister Morrison’s public assertion that Phelps’s invoice will undermine nationwide safety and encourage folks smugglers is absolute humbug.
Trevor Wilson, Chifley
CASH FOR LEFT AND RIGHT
Unions ought to give cash to conservative political events as effectively, since some union members should certainly be conservative.
Rod Matthews, Melbourne, Vic
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